Q3 Performance Coatings Report

Q3 Mobility Coatings Results ($ in millions) Light Vehicle Commercial Vehicle Net Sales Adjusted EBIT % margin $344 Financial Performance Q3 2020 (15.2)% 2021 Volume 235 74 309 Q3 (3) (0.9)% 2020 Net Sales Variance 3.6% 276 68 344 49 14.1% Price/Mix % Change Incl. F/X Excl. F/X (16.5)% 8.2 % (14.8)% 9.0 % (11.6)% (10.1)% (105.6)% 1.5% FX (10.1)% $309 Q3 2021 Net sales reduction despite pricing actions as volumes were hindered by supply shortages ■ I Commentary Axalta volumes largely aligned with reductions in Light Vehicle global builds, offset partly by modest increases in Commercial Vehicle volumes ■ Price-mix improvement driven largely by indexing and price increases in Light Vehicle and Commercial Vehicle ▪ FX tailwind driven by the Renminbi, Euro, and Real I Supply shortages and raw material inflation drove YOY reduction in Adjusted EBIT, offset partly by pricing actions Adjusted EBIT reduction from supply shortages, raw material inflation, and absence of temporary savings, offset partly by pricing actions 9 A AXALTA

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